Thrivent Financial for Lutherans Has $99.58 Million Stock Position in CBRE Group, Inc. $CBRE

Thrivent Financial for Lutherans raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 12.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 631,985 shares of the financial services provider’s stock after purchasing an additional 70,670 shares during the period. Thrivent Financial for Lutherans owned approximately 0.21% of CBRE Group worth $99,575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. ORG Partners LLC lifted its stake in shares of CBRE Group by 264.4% in the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock valued at $26,000 after buying an additional 119 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in CBRE Group in the 2nd quarter valued at approximately $30,000. Evelyn Partners Asset Management Ltd bought a new stake in shares of CBRE Group in the 2nd quarter worth approximately $32,000. NewSquare Capital LLC grew its holdings in shares of CBRE Group by 40.7% during the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 68 shares in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of CBRE Group during the 3rd quarter worth approximately $38,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Price Performance

Shares of CBRE stock opened at $170.24 on Friday. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $173.05. The stock has a market capitalization of $50.66 billion, a PE ratio of 42.03 and a beta of 1.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average is $163.92 and its 200-day moving average is $158.95.

Analysts Set New Price Targets

Several brokerages recently commented on CBRE. Morgan Stanley raised their target price on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $185.00 to $192.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. UBS Group increased their price target on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, January 21st. Finally, Barclays increased their target price on CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.14.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.